The Perfect Development Site for your Melbourne Townhouse Development
When it comes to your Melbourne townhouse property development project, choosing your site is probably the most important decision you’ll make. Your property development site can make or break the project, as it directly and significantly impacts your costs and potential profits.
Here are the factors to consider when selecting a site for your townhouse development
The Size, Location, Slope and Special Features
The Size, Location, Slope and Features are all vitally important.
Townhouse Property Development Land Size
Size is crucial to consider, as this is the largest factor that affects capacity. In many areas, regulations require you to set aside 25-35% (depending on the land size) for private garden space. The shape of the land is also important, as irregular parcels of land may meet size requirements, but limit design options. Frontage size will impact accessibility, and therefore also the number of dwellings you can build on the site.
Ideally, larger more regular shaped parcels of land are optimal for townhouse property development projects in Melbourne.
Townhouse Property Development Land Location
The best location for a new townhouse property development is in either an upcoming or a desirable neighbourhood. This usually means having good infrastructure and amenities nearby, or in development. Things like train stations and other public transportation hubs, medical services and hospitals, childcare and schools, and parks, gardens and walkways are all important. Each of these impact the desirability of the area and can all stagnate or boost sales and prices in the area.
Property Development Land Slope
The slope of the land may affect your site costs, if there is a requirement for retaining walls or a split-level design. This adds to the complexity of design, the initial build costs and the build time. Orientation is also something to consider, as it will influence the building’s energy ratings, which can impact the design and location on the lot. Additionally, orientation affects livability of the space for future owners or renters, directly influencing sales prices.
Special Features of Townhouse Property Development Sites
The special features you need to be aware of when it comes to property development land sites include: easements, and verge items like power poles and fire hydrants, and neighbouring properties.
Building regulations and council requirements specify in detail what you can and cannot build within certain distances of neighbouring properties and other features. For example, easements may limit the usability of your site, as whole sections may not be able to be built over. SImilarly, overlays can specify what you can and cannot build in a certain area, including site capacity, dwelling size, and things like design, building materials and landscaping options.
Choosing the right block of land for your townhouse property development in Melbourne
The ideal site for a Melbourne townhouse property development project is a well-sized block in a desirable neighbourhood with good amenities and no restrictive elements.
This is of course, can be difficult to find, and sites that tick all the boxes can be priced in a way that minimises profitability.
However, If any of the above factors are ignored, your development potential will be compromised, and the project may not be as profitable as you were hoping for, or at worst, not feasible at all.
If all of this seems overwhelming, we can help.
At delcon design and construct, we are an experienced Melbourne property development build team with the experience to help you navigate the process. We can assist with the planning process and guide you through the complexities that appear as barriers.
If you’re looking for advice on choosing the right block of land for your Melbourne multi-unit development project, give our director Daniel a call on 1800 335 266 for a free, honest, no-obligation discussion.